Meta Platforms (META) Hit With $25 Billion New Mexico Privacy Verdict

Meta Platforms (NasdaqGS:META) was ordered by a New Mexico jury to pay US$25b over Facebook data privacy violations. The verdict relates to over 43 million alleged violations tied to the Cambridge Analytica scandal and New Mexico residents. Meta plans to appeal and has criticized the ruling, arguing the decision effectively punishes the company for protected speech. The US$25b New Mexico verdict over Cambridge Analytica-era data practices comes amid wider pressure on Meta that recent...